admin

Politics

Trump Campaign Says It Raised Record-Breaking $131 Million in June

NEW YORK—President Donald Trumps re-election campaign and the Republican National Committee raised $266 million during the second quarter, including $131 million in June, a joint committee said on Wednesday. The June figure is the largest monthly haul of 2020 for Trump. The committees fundraising numbers suggest the Trump campaign is still increasing its re-election war chest despite the health and economic damage done by the novel coronavirus pandemic and nationwide protests against racism that have deeply disrupted American life and hurt the president in opinion polls. The committee said the figures underscore Trumps ability to raise money online and through grassroots fundraising because he was only able to hold two in-person fundraisers in the quarter because of the pandemic. “The Trump campaigns monumental June fundraising haul proves that people are voting with their wallets and that enthusiasm behind President Trumps re-election is only growing,” said Trump 2020 Campaign Man..

Politics

House Dems Push Through $1.5 Trillion Infrastructure Bill That Republicans Blast as Green New Deal Giveaway

House Democrats approved on July 1 a massive $1.5 trillion, 2,300-page “Moving Forward Act” that Republicans blasted as little more than a Green New Deal boondoggle disguised as a roads and highways measure. “The more than $1.5 trillion proposal rebuilds U.S. communities with infrastructure and innovation that is smarter, safer, and made to last,” House Committee on Transportation and Infrastructure Chairman Peter DeFazio (D-Ore.) said in a statement prior to the final vote. The measure was approved decisively by the House on a 233–188 vote. Three Republicans joined the majority Democrats in supporting the measure, while two Democrats voted with Republicans against the measure. The measure includes $494 billion for surface transportation projects to fix “our crumbling roads and bridges,” as well as $130 billion to rebuild public schools in impoverished districts, $100 billion to “create or preserve 1.8 million affordable homes,” $100 billion for creating broadband access in areas th..

Politics

As House Votes, Republicans Say No to Democrats Infrastructure Legislation

As House members debate Democrats $1.5 trillion infrastructure spending package, Republicans have voiced opposition, saying it is not a true bipartisan infrastructure bill that addresses the needs of their districts but rather a socialist wish-list largely taken from the Green New Deal. “The Speaker has chosen to spend the Houses time this week on a cousin of the Green New Deal masquerading as a highway bill,” Senate Majority Leader Mitch McConnell (R-Ky.) said on Twitter. “You dont have to take my word for it. The Chair of the @TranportDems said, This is the application of the principles of the Green New Deal.” The Democrats package, The Way Forward Act, includes more than $300 billion of investment in renewing roads and bridges and $100 billion in transit to zero-emission buses. It triples the funding for Amtrak to $29 billion, allowing for upgrades and expansion of the rail network. It also plans to modernize U.S. postal service infrastructure, which includes a zero-emission posta..

Politics

FTSE 100 index exepected to bounce higher but all eyes on volatile US jobs report

The FTSE 100 index is expected to bounce higher in early trade on Thursday as US and Asia markets rose overnight on coronavirus vaccine hopes, although all eyes later will be on US jobs data and the path for recovery from the pandemic. Spread betting firm CMC Markets expects the blue-chip index to open around 40 points higher at 6,198, having shed 11.78 points on Wednesday. Asian stocks tracked higher on Thursday, with Japans Nikkei ahead 0.4%, Chinas blue-chip index up 0.6%, while Hong Kongs Hang Seng index rose 1.7%. Meanwhile, on commodity markets, copper prices jumped to more than six-month highs on a better global outlook and supply fears in top producer Chile. Overnight in New York, the Dow Jones Industrials Average ended around 78 points, 0.3% lower after some profit-taking following strong opening gains to close at 25,734..97. But the broader S&P 500 index added 0.5%, and the tech-laden Nasdaq Composite gained 1.0% helped by a better than expected US ADP private payrolls re..

Politics

US June non-farm payrolls to arrive a day early ahead of Independence Day long weekend

The big focus on Thursday will be the June US jobs report brought forward by a day because of the Independence Day holiday weekend, meaning it will be announced on the same day as the more timely continuing and initial weekly jobless claims. May non-farm payrolls (NFP) shocked most in the market by being much better than expected. Economists had been looking for another 7.7mln job losses and a jump in the unemployment rate to nearly 20%, but the May NFP number printed at a positive 2.5mln jobs, which suggested the US economy was rebounding faster than expected from the effects of the pandemic. However, the Bureau of Labor Statistics then admitted it had made errors in compiling the data and not corrected them. “This was because the BLS survey interviewers were told to classify workers on furlough or absent from work owing to COVID-19 for temporary reasons as unemployed – but it turns out that not everyone in that situation was, with some still registered as employed,” said Russ Moul..

Politics

Salt Lake Potash boosts finances with $10 million strategic investment and convertible note placement

Salt Lake Potash Ltd (ASX:SO4) has received a major boost to its finances with a A$10 million strategic investment from Equatorial Resources Ltd (ASX:EQX) as part of a A$15 million placement of convertible notes to corporate and institutional investors. Equatorial has subscribed for A$10 million of unsecured convertible notes in the company following a detailed review by Equatorial focused on investigating opportunities related to Salt Lakes current financing requirements and operational progress. Salt Lake Potash is in the final stages of completing a significant project financing that will support the development of its Lake Way Sulphate of Potash (SOP) Project in the Goldfields region of Western Australia. The convertible note funds will allow the company to continue the rapid development of Lake Way as construction activities ramp-up through July 2020. “Funding rapid development”[hhmc] The Lake Way project could produce 245,000 tonnes of SOP for capital expenditure of A$264 mil..

1 2 3,971
Page 1 of 3971